Which housing markets have bounced back? Which metro topped the list as the most recovered housing market? Which performed the weakest? Analyzing the Home Price Recovery Index of the Federal Housing Finance Agency, HSH.com reports the most recent data during the first quarter of 2017.
Denver Holds Top Spot; Bakersfield, CA the Weakest
In the highest position in housing recovery is the Denver-Aurora-Lakewood, CO metro, which now is 67.16 percent above this metro’s “boom time” peaks.
Bakersfield, CA Metro came as the weakest with 40.04 percent still needed to regain peak values. It took the last spot from Las Vegas-Henderson-Paradise, NV which still is 38.15 percent below the boom time peak value.
The rise in home prices generally everywhere fueled much of the recovery. In the first three months of this year, the same housing markets are in the top ten. They remained in the same ranking. What significantly changed is that these metros rose even higher from their boom-time peaks, further securing them in their current positions.
In the far end of the spectrum, the 10 least recovered metros are still the same states. Here is one noticeable difference; the position swap between Bakersfield, CA and Las Vegas-Henderson-Paradise, NV
Rising Prices Push More Metros to Fully Recovered
Five more housing markets join the “fully recovered’ league. This growth can highly be attributed to the prices rising in almost all states. These metros include:
Minneapolis-St. Paul-Bloomington, MN-WI
Montgomery-Bucks-Chester Counties, PA
Richmond, VA
San Diego-Carlsbad, CA
Warren-Troy-Farmington Hills, MI
While prices are rising everywhere else, Camden, NJ is not picking up the trend. For this reason, the area one the five weakest housing market recoveries.
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Top 5 Most Recovered Metros
| Metro Area | Peak Value | Current Value | Percentage Above Peak |
| Denver-Aurora-Lakewood, CO | 276.45 | 462.10 | 67.16 % |
| Austin-Round Rock, TX | 270.26 | 420.69 | 55.66% |
| Dallas-Plano-Irving, TX (MSAD) | 172.40 | 263.80 | 53.02% |
| Houston-The Woodlands-Sugar Land, TX | 200.97 | 298.16 | 48.36% |
| Fort Worth-Arlington, TX (MSAD) | 169.15 | 242.66 | 43.46% |
5 Least Recovered Metros
| Metro Area | Peak Value | Current Value | Percentage Above Peak |
| Bakersfield, CA | 253.34 | 180.90 | 40.04% |
| Las Vegas -Henderson-Paradise, NV | 268.71 | 194.50 | 38.15% |
| Stockton-Lodi, CA | 273.25 | 202.69 | 34.81% |
| Fresno, CA | 273.10 | 209.37 | 30.44% |
| Camden, NJ (MSAD) | 224.66 | 176.02 | 27.63% |
